El Salvador Balance of Trade

Last Release

Feb 29, 2024

Actual

-770.7

Units In

USD Million

-724.97

Frequency

Monthly

Next Release

Apr 24, 2024

Time to Release

1 Months 0 Days 20 Hours

Highest	Lowest	Average	Date Range	Source
-14.62 Mar 1991	-1,046.63 Aug 2022	-322.75 USD Million	1991-2024	Central Reserve Bank of El Salvador

El Salvador's trade gap is mostly explained by the country's need to import fuels, consumer goods and industrial equipment. Textiles is the country's major export followed by chemicals, rubber and plastics, metallic products and sugar. The leading trading partner is the United States with 45 percent of exports and 32 percent of imports. Others include Guatemala, Honduras and Nicaragua.

Latest Updates

El Salvador recorded a trade deficit of USD 724.97 million in February 2024, slightly widening from USD 643.49 million in the same month the previous year. Outbound shipments fell by 13.09% year-on-year to USD 506.64 million, following a minor uptick in the prior month, with notable declines in consumer goods (-74.93%), particularly sugar (-92.2%). Conversely, imports rose by 4.15% to USD 1,277.34 million, marking the first increase after fourteen consecutive months of decline.